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REGISTERED NUMBER: 11432287 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Edwards Of Spennymoor Ltd

Edwards Of Spennymoor Ltd (Registered number: 11432287)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Edwards Of Spennymoor Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A G Edwards
Mrs S L Edwards





REGISTERED OFFICE: 100 Clyde Terrace
Spennymoor
United Kingdom
DL16 7SH





REGISTERED NUMBER: 11432287 (England and Wales)





ACCOUNTANTS: CM Sewell & Company
53 Welby Drive
Ushaw Moor
Durham
Co. Durham
DH7 7GA

Edwards Of Spennymoor Ltd (Registered number: 11432287)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 685,503 540,000

CURRENT ASSETS
Cash at bank 1,545 42,260

CREDITORS
Amounts falling due within one year 5 546,591 456,739
NET CURRENT LIABILITIES (545,046 ) (414,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,457

125,521

PROVISIONS FOR LIABILITIES 13,778 13,778
NET ASSETS 126,679 111,743

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 6 58,738 58,738
Retained earnings 67,939 53,003
SHAREHOLDERS' FUNDS 126,679 111,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:




A G Edwards - Director


Edwards Of Spennymoor Ltd (Registered number: 11432287)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Edwards Of Spennymoor Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Edwards Of Spennymoor Ltd (Registered number: 11432287)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 540,000
Additions 145,503
At 30 June 2023 685,503
NET BOOK VALUE
At 30 June 2023 685,503
At 30 June 2022 540,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2021 30,016
Valuation in 2022 42,500
Cost 612,987
685,503

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 4,442 4,700
Other creditors 542,149 452,039
546,591 456,739

6. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 58,738